616 Wiggins Bay DR #C14NaplesFL34110
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Naples at 616 Wiggins Bay DR #C14, Naples, FL, 34110 uses $102,434 cash to close to unlock $1,018/yr annual cash flow and $85/mo monthly cash flow. Total monthly income runs $2,135/mo, and a $1,512/mo payment keeps the spread at $85/mo. Purchase price stands at $309,000, and rental yield measures 8.29% with $2,135/mo rent. Return on cash invested shows 20.9% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 108.75% and total cumulative return in cash records $111,401. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,135/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34110, Naples, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,627 (100%) |
| Owner Occupied HU | 10,261 (55.1%) |
| Renter Occupied HU | 2,455 (13.2%) |
| Vacant Housing Units | 5,911 (31.7%) |
| Median Home Value | $679,435 |
| Average Home Value | $874,774 |
Housing Distribution
Address Breakdown
Residential
16,751
Single Family
11,630
Multi-Family
5,121
Businesses
934
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